Dairy producers now have until Friday to enroll in the 2019 Dairy Margin Coverage Program after the USDA extended the deadline by one week. Initially authorized by the 2018 Farm Bill, the Dairy Margin Program is available through the Farm Service Agency and offers reasonably priced protection to dairy producers when the difference between the all-milk price and the average feed cost falls below a certain dollar amount selected by the producer.
Richard Fordyce is the FSA Administrator, and says the program is an upgrade over similar previous plans.
“Dairy Margin Coverage is the new version that came out of the 2018 Farm Bill that really improved on a lot of the components of the old Margin Protection Program that was in the 2014 Farm Bill,” Fordyce said.
“We definitely encourage any dairy producer that has not taken a look at DMC or who has not come in to sign up for Dairy Margin Coverage to make sure they do that, because if a producer is thinking about the old Margin Protection Program and comparing that kind of in their mind, this is a much different program.” Fordyce added, “Producers can go to fsa.usda.gov/dmc and there they’ll find a decision support tool that they can literally plug in their production numbers in and play around with it a little bit, put those different production levels, different percentages of production into that and it can really help them make accurate and closest decision that will best fit their needs.”